WestPark Capital
WestPark Capital is a Los Angeles-based boutique investment bank founded in 1999. It raises capital for small-cap and emerging-growth companies and is known for its Structured IPO process. Its research focuses on disruptive technologies and small- and mid-cap biotechnology companies.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 1212M
- Actions
- 1312M
- Ratings / Price targets
- 13 / 0
- Upgrades / Downgrades
- 1 / 0
- Initiations
- 1
- Buy-rated
- 83%of 12 rated
- On record
- Jan 2016 – Sep 2026
Overview
We generally seek to work with companies having experienced, goal-oriented management teams focused on the execution of sound business models.
WestPark says it targets mature, profitable companies with high historical growth but also explores earlier-stage businesses that larger banks may overlook or that cannot obtain conventional bank financing.
Richard Rappaport founded WestPark Capital in Los Angeles in 1999. The firm built its business on public offerings and private placements for small and emerging-growth companies, marketing a share-exchange listing product called the WRASP by 2010 and later its Structured IPO (SIPO), a private placement followed by an IPO. Based in Century City, it runs investment banking, brokerage, institutional sales and trading, and equity research.
Milestones
- 1999
Richard Rappaport founds WestPark Capital in Los Angeles
Firm facts
- Legal name
- WestPark Capital, Inc.
- Type
- Boutique
- Founded
- 1999
- Headquarters
- Los Angeles, United States
- Founder & CEO
- Richard Rappaport
- Rating scale
- BuyHoldSell12 months
- Also filed as
- Westpark Capital
- Website
- wpcapital.com
Research philosophy
WestPark organizes its technology coverage around investment themes, including artificial intelligence, quantum computing, cloud and data centers, and demand for fiber broadband. A 2021 research-analyst job posting described a process that starts with broad industry themes, tests them through original company-level research and draws connections across sectors. Analysts were expected to present concise recommendations using a consistent valuation framework.
Rating methodology
Over a 12-month horizon, Buy indicates an expected total return of at least 15%, Hold indicates performance in line with industry peers, and Sell indicates an expected loss of at least 15%.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
| VRThe Glimpse Group, Inc.VRAR | Buy | — |
 SentinelOne, Inc.S | Buy | — |
 Innoviz Technologies Ltd.INVZ | Buy | — |
 MicroVision, Inc.MVIS | Buy | — |
 WM Technology, Inc.MAPS | Buy | — |
 Okta, Inc.OKTA | Buy | — |
 Ouster, Inc.OUST | Buy | — |
 Bridgeline Digital, Inc.BLIN | Buy | — |
 CrowdStrike Holdings, Inc.CRWD | Hold | — |
 Ideal Power Inc.IPWR | Buy | — |
Recent actions
| Date | Stock | Rating action | Rating |
|---|---|---|---|
| Sep 8 | AKAkebia Therapeutics, Inc.AKBA | Initiate | Buy |
| Dec 19, 2025 | Bridgeline Digital, Inc.BLIN | Reiterate | Buy |
| Dec 18, 2025 | VRThe Glimpse Group, Inc.VRAR | Reiterate | Buy |
| Dec 18, 2025 | BTThe Glimpse Group, Inc.BTLN | Reiterate | Buy |
| Dec 5, 2025 | SentinelOne, Inc.S | Reiterate | Buy |
| Nov 20, 2025 |  Palo Alto Networks, Inc.PANW | Reiterate | Hold |
| Nov 11, 2025 | Ideal Power Inc.IPWR | Upgrade | Hold →Buy |
| Nov 5, 2025 | Ouster, Inc.OUST | Reiterate | Buy |
| Oct 31, 2025 | DAData I/O CorporationDAIO | Reiterate | Buy |
| Oct 21, 2025 | MicroVision, Inc.MVIS | Reiterate | Buy |
| Oct 15, 2025 | CrowdStrike Holdings, Inc.CRWD | Reiterate | Hold |
| Oct 7, 2025 | Ideal Power Inc.IPWR | Reiterate | Hold |